“With demand increasing every day for 3D printing services, there is no
reason for any 3D printer to sit idle,” said CHGT CEO Omar Durham.
“We’re creating the platform that will allow device owners to rent their
3D printers out for contract jobs from around the world, creating small
businesses and connecting users with unused capacity.”

The rapid development of 3D printing technology has spurred intense
global demand for printing services, including rapid prototyping. The
best machines remain expensive, however, and unobtainable to a majority
of consumers. Many of these machines, owned by businesses or
individuals, sit idle much of the time, with no immediate tasks to
perform. That adds up to massive unused print capacity.

CHGT plans to create a new market efficiency by allowing owners to
contract out their printers for jobs and earn income by keeping their
machines running.

The success of leaders in the sharing economy such as Airbnb, Lyft and
Uber have inspired the new business model. CHGT is developing a digital
platform that will allow consumers to contract or trade 3D printing
services using peer-to-peer tools. It’s a plan that the company believes
could place it amongst the vanguard of a completely new economic sector
centered around part-time service providers.

“Venture capitalists poured more than $3.5 billion into the sharing
economy last year,” Durham said. “That number is only going to go up.
This is an opportunity for CHGT to get in on the ground floor of two
emerging industries.”

Analysts predict that the demand for 3D printer materials and services
will exceed $10 billion by 2018, registering a compound annual growth
rate (CAGR) of 43.8 percent over the next five years. With a $1.8
billion market value in 2013, the space is forecast for massive growth
as the technology is further embraced by small and large scale
manufacturers as well as the growing small business and mainstream
consumer markets.

Changing Technologies, Inc. (CHGT) is an emerging technology company
focused on developing innovative concepts to bring to consumers. It
recently created a new subsidiary — 6th Dimension Technologies — to
pursue additional growth areas and market needs in the booming 3D
printing sector. A forward-thinking company working to be at the
forefront of the next generation of consumer-based technology, CHGT is
positioning itself to leverage global demand for the latest
technological advances and services the company offers. Changing
Technologies, Inc. is in the cutting-edge technology sphere alongside
companies like Voxeljet AG (
VJET),
Arcam AB (
AMAVF),
and ExOne Co. (
XONE).

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